13/02/2018 - 06:18

Morning Headlines

13/02/2018 - 06:18

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Morning Headlines

Coal strikers take pay cut to save jobs

Maintenance workers at a Collie coal mine have agreed to pay cuts of up to one-third of their wages as part of efforts to save their jobs at the struggling operation. The West

Northern fund preparing to splash its cash

The Northern Australia Infrastructure Facility expects to hit performance targets that require it to approve projects with a total value of between $750 million and $2.5 billion in the next four months. The Fin

Hayne slaps down banks

Commissioner Kenneth Hayne has set the tone for a fast but punishing Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry yesterday as he revealed its first targets would be the bank’s biggest profit centres and lashed out at the quality of their submissions. The Fin

5G wireless to add to struggling NBN’s woes

As NBN talks up its expectations for getting more customers on to faster 50Mbps plans, a growing number of Australians are fed up waiting for the national network to deliver on their expectations and are looking to faster mobile networks and upcoming 5G to provide their internet service. The Fin

BMW could drive Galaxy higher

Market analysts are questioning whether lithium producer Galaxy Resources could be about to strike an offtake agreement with BMW amid a rush by car companies to gain access to the raw materials needed to make electric car batteries. The Fin

Unilever threat to pull digital ads over hate speech

Unilever, the world’s second biggest advertiser, is threatening to pull advertising from Google and Facebook if they don’t do more to stop fake news, hate speech and divisive content. The Aus

New play in gas market

Another gas retailer, Simply Energy, is set to enter to the increasingly crowded WA residential market following approval from the State government. The West

 

 

The Australian Financial Review

Page 1: Commissioner Kenneth Hayne has set the tone for a fast but punishing Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry yesterday as he revealed its first targets would be the bank’s biggest profit centres and lashed out at the quality of their submissions.

Page 3: The Turnbull government will have to demonstrate that its company tax cuts would boost both profits and wages if it is to have any hope of securing three critical One Nation votes in the Senate.

Page 5: Opposition Leader Bill Shorten has pledged a Labor government to legislating for an ‘‘Indigenous voice’’ to Parliament if the Turnbull government fails to put forward a referendum – a measure advocates say is necessary if the disadvantage endured by Australia’s first peoples is to end.

Page 7: Dodgy car financiers and sales of add-on car insurance will come under scrutiny, singled out as a key problem. ‘‘Our inquiries to date have revealed practices in relation to car lending that appear to depart from these standards,’’ counsel assisting said.

Page 8: The Northern Australia Infrastructure Facility expects to hit performance targets that require it to approve projects with a total value of between $750 million and $2.5 billion in the next four months.

Page 9: A six-month strike at a Western Australia coal mine has ended after workers voted to accept a cut in pay.

Page 10: The Joint Strike Fighter project has been a boon for Australian industry, and local companies have now secured more than $1 billion of contracts to supply parts and equipment for the often criticised aircraft.

Page 15: JB Hi-Fi is shoring up its defences against Amazon and protecting its market share from Harvey Norman by reducing prices on consumer electronics and whitegoods.

Page 17: Ansell chief executive Magnus Nicolin is examining ‘‘five or six’’ potential deals as he seeks to bolster the safety product maker’s solid organic growth, however, the market punished a fall in the company’s margins caused by a high rubber price.

Page 24: As NBN talks up its expectations for getting more customers on to faster 50Mbps plans, a growing number of Australians are fed up waiting for the national network to deliver on their expectations and are looking to faster mobile networks and upcoming 5G to provide their internet service.

 

 

The Australian

Page 1: Former Nationals leader John Anderson has called on Barnaby Joyce to take “direct responsibility” for resolving the political damage inflicted by his affair with former staffer Vikki Campion, as pressure mounts on the Deputy Prime Minister to resign.

Page 5: A British warship will next month sail from Australia through the South China Sea, almost all of which is claimed as sovereign waters by China, for the explicit purpose of demonstrating that the sea is international waters and to assert freedom-of-navigation rights, British Defence Secretary Gavin Williamson says.

Page 17: Commonwealth Bank and National Australia Bank earned the wrath of financial services royal commissioner Kenneth Hayne on the inquiry’s opening day by telling him they cannot meet a deadline of 4pm today to provide full details about misconduct over the past five years.

Page 18: Market analysts are questioning whether lithium producer Galaxy Resources could be about to strike an offtake agreement with BMW amid a rush by car companies to gain access to the raw materials needed to make electric car batteries.

Page 19: Amcor is pushing through price increases to recover raw material cost rises that are dragging on its bottom line as it aims for modest growth in earnings from its flexible packaging unit.

Page 20: Supermarket discounter Aldi is finding fewer easy pickings in the nation’s $90 billion grocery sector as its aggressive store rollout on the east coast reaches “critical mass”.

Unilever, the world’s second biggest advertiser, is threatening to pull advertising from Google and Facebook if they don’t do more to stop fake news, hate speech and divisive content.

 

 

The West Australian

Page 1: Barnaby Joyce spent more than $10,000 on family reunion travel while having an affair with his former staffer, raising more questions about taxpayer funds being used to support the double life led by the Deputy Prime Minister.

Page 3: More than 3500 fines and warnings have been handed out to Western Australians for failing to clear firebreaks, prompting firefighters to warn they are risking lives and homes.

Page 4: Shadow finance minister Jim Chalmers says he is “very, very happy” about the Federal Government vowing to take its company tax package to the next election, claiming voters are “filthy” about the proposal.

Page 6: The banking royal commission has revealed it already has evidence of homeowners and car owners being ripped off by lenders, signalling the finance sector faces a bruising yearlong inquiry into its treatment of Australian customers.

Page 11: Maintenance workers at a Collie coal mine have agreed to pay cuts of up to one-third of their wages as part of efforts to save their jobs at the struggling operation.

Page 19: The boss of the Federal Government’s $50 billion broadband network says he is not afraid of the threat from a super-fast 5G wireless network and that it will not affect NBN Co’s plans to finish rolling out its network.

Business: CSIRO scientists have been enlisted to investigate the origins of the watermelon-seed-shaped nuggets that sparked a gold rush in the Pilbara.

Another gas retailer, Simply Energy, is set to enter to the increasingly crowded WA residential market following approval from the State government.

Sandalwood growers have opened a new front in their campaign against Quintis by moving to take management control of two of the failed company’s managed investment schemes.

The collapse of John Silverthorne’s VCS Civil and Mining has hit recently listed recruitment company GO2 People.

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